Pitfalls in labour market flows modeling: a Reappraisal

Risultato della ricerca: Working paper

Abstract

We discuss the relevance of the methodology adopted internationally to compare labor market flexibility, which is based on a two-state labor market model and uses stock data to derive transition rates. This model neglects inactivity, and thus it may crucially affect the results. Therefore, we compare these results with transition rates derived by using a three-state labor market model for France, Italy, Spain and the UK. These countries represent, respectively, the continental Europe and the Anglo-Saxon institutional settings. The implied transition rates are much higher even in continental Europe when inactivity is explicitly considered, thus suggesting that conclusions derived using an incomplete representation of the labor market are flawed.
Lingua originaleEnglish
EditoreVita e Pensiero
Numero di pagine29
ISBN (stampa)978-88-343-3360-0
Stato di pubblicazionePubblicato - 2017

Keywords

  • comparison acrosso countries
  • inactivity
  • labour market flow
  • labour market transition matrices

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